Introduction

Plan 18

Plan 18 is a money purchase (or defined contribution) section within the C & J Clark Pension Fund. The contributions paid into Plan 18 are invested with LGIM with the aim of making them grow.

About AVCs

Active members in the C & J Clark Pension Fund have the option to pay Additional Voluntary Contributions (AVCs) to top up their pension savings. AVCs are tax-efficient contributions you can choose pay over and above your normal contributions into the Fund. You can stop, start and change your AVCs at any time.

The contributions that are paid into Plan 18 and AVCs go into a Pension Account set up in your name, and the money is then invested.

If you want, you can decide how to invest the contributions that are paid to your Pension Account and manage it yourself (‘self-select’). Alternatively, if you prefer to take a more hands-off approach, you can use the ‘Lifestyle Fund’, which automatically changes your investment mix depending on how long you have to go until you retire.

© Clarks Pensions 2014